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NEW ZEALAND: 2024 Deficit Narrows As US Becomes Second Most Important Decision

NEW ZEALAND

NZ December trade posted a surplus of $219mn after a deficit of $435mn in November, as exports rose on the month while imports fell in line with very weak domestic demand. The 12mth deficit narrowed to $7.67bn from $8.26bn, also significantly smaller than December 2023’s $13.62bn. 

NZ trade balance $bn YTD

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NZ December trade posted a surplus of $219mn after a deficit of $435mn in November, as exports rose on the month while imports fell in line with very weak domestic demand. The 12mth deficit narrowed to $7.67bn from $8.26bn, also significantly smaller than December 2023’s $13.62bn. 

NZ trade balance $bn YTD

Keep reading...Show less